GBP/AUD Trading Analysis (21/04/2025)
The trend is up. The pair is trading in the range of 365 and 135 EMAs. The downward truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator. The break of 2.0912 will start the formation of the rising wave structure.
Trade idea:
- Buy on the breach of 2.0912.
- Stop-loss at 2.0708.
- Price targets at 2.1180 and 2.1550.
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